Belgium-Austria Trade: In 2022, Belgium exported $3.89B to Austria. The main products that Belgium exported to Austria were Cars ($358M), Vaccines, blood, antisera, toxins and cultures ($260M), and Packaged Medicaments ($226M). Over the past 5 years the exports of Belgium to Austria have increased at an annualized rate of 7.2%, from $2.75B in 2017 to $3.89B in 2022.
In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.
Austria-Belgium Trade: In 2022, Austria exported $3.15B to Belgium. The main products that Austria exported to Belgium were Cars ($435M), Vaccines, blood, antisera, toxins and cultures ($259M), and Nitrogen Heterocyclic Compounds ($121M). Over the past 5 years the exports of Austria to Belgium have increased at an annualized rate of 10.7%, from $1.9B in 2017 to $3.15B in 2022.
In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.
Comparison: In 2022, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).